Shares in CAP-XX (AIM:CPX) fell 17% 0.27p on Friday despite the supercapacitor maker reporting a marked improvement in its financial performance and progress toward cash flow break-even.
The decline may reflect profit taking (the stock is up 48% so far this year), as well as lingering concerns over its cash position.
For the year to 30 June 2025, revenue rose 7.6% to A$4.94 million, while losses narrowed sharply.
The company reported an EBITDA loss of A$3.04 million, down 40% from the prior year, and a post-tax loss of A$3.93 million. Cash at year-end stood at A$3.96 million.
Since June, trading has strengthened, with bookings up 25% and billings 12% higher over the first four months of the new financial year.
CAP-XX continues to expand its distribution network and expects further gains as operational efficiencies take hold.